Question: Scenario planning: This approach involves creating multiple scenarios to explore various future outcomes and their implications for the organization.Experimentation: This helps managers to test ideas
Scenario planning: This approach involves creating multiple scenarios to explore various future outcomes and their implications for the organization.Experimentation: This helps managers to test ideas and gather data to inform future decisions.Flexibility: Managers should be flexible and agile in decisionmaking under uncertainty, as situations can rapidly change and necessitate a different course of action.Collaboration: Collaborating with others provides managers with a diverse range of perspectives and knowledge, enabling them to make informed decisions.Focus on objectives: In times of uncertainty, managers should concentrate on their organization's objectives and goals to ensure decisions align with the overall strategy.Risk management: Managers should carefully evaluate potential risks and implement effective risk management strategies to prevent negative outcomes.Embrace uncertainty: Managers should embrace uncertainty in decisionmaking to reduce stress and boost confidence.
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